Question to the HM Treasury:
To ask the Chancellor of the Exchequer, if he will reduce the benefit-in-kind tax rate on electric vehicles before 2020.
In 2020-21, the government will introduce a 2% company car tax rate for cars with zero emissions. Together with new, reduced rates for plug-in hybrids, these reforms will help the government to meet its environmental objectives.
To provide certainty for company car drivers, employers and employees, the government aims to announce company car tax rates in advance of implementation. Therefore, the government has no plans to introduce these rates ahead of 6 April 2020.